Product Sales Agreement between Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd. and Buyer
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Summary
This agreement is between Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd. (the seller) and a buyer for the sale of products. The seller will deliver products in batches over one year, with payment due within 60 days after each batch is accepted. The buyer must raise any quality objections within 7 days of receiving products. The buyer is responsible for transportation costs. If the buyer's annual purchases exceed RMB 8 million, the seller will provide a 4% rebate. Disputes will be settled by negotiation or, if necessary, through court.
EX-10.5 7 f8k021111ex10v_westergaard.htm FORM SALES AGREEMENT f8k021111ex10v_westergaard.htm
Exhibit 10.5
Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.
Product Sales Contract
Contract No.:
Date of Signing:
Seller: Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd.
Buyer:
Based on mutual consultations, the Parties have agreed on the following:
1. Order List
Note: The buyer shall make the payment according to the products actually delivered.
2. Quality Requirement and Period for Objection: the quality requirement is subject to the sample provided by the Seller. If the Buyer has objection to the quality of the product, the Buyer shall notify the Seller within 7 days after receipt of the product. The Seller shall not bear any liability if the Buyer does not notify the objection within 7 days.
3. Time, Place and Method of Delivery: deliver the product in batches according to the Buyer’s notifications within one(1) year, to the Buyer’s warehouse.
4. Method and Cost of Transportation: the Seller arranges road transportation on behalf of the Buyer. The Buyer shall bear all transportation cost.
5. Method and Schedule of Payment: the Seller shall make the payment within 60 days after the Seller accepts each batch of product without any pre-condition.
6. Performance Place of the Contract: the Seller’s location
7. Breach of Contract: if the Buyer fails to make the payment on time, the Buyer shall bear the liability to the Seller according to relevant laws.
8. Dispute Settlement: in the event there is any dispute relating to this Agreement, the Parties may settle it by consultations. If fails, any of the Parties may file a law suit with the people’s court.
9. There are two counterparts of this Agreement. Each of the Parties holds one. This Agreement shall take effect upon execution.
10. Particular Provision: if the Buyer’s sales of product hereunder exceed RMB8 million within one (1) year, the Seller shall award the Buyer 4% of the Buyer’s total yearly sales, in cash or by writing-down the same amount from the accounting receivable at the end of the year.
Seller | Buyer |
Company Name: Fujian Jinjiang Chendai Ansheng Shoes and Clothing Co., Ltd. | Company Name: |
Adress: | Adress: |
Legal Representative: | Legal Representative: |
Agent: | Agent: |
Tel: | Tel: |
Bank Name: | Bank Name: |
Bank Account: | Bank Account: |
Post Code: | Post Code: |